Moonvember is a portmanteau of "Moon" (referring to a sharp price surge) and "November," used among Bitcoin investors to express expectations for strong price gains in November.


Historically, November has been considered a bullish month for the Bitcoin market. According to monthly return heatmap data from Coinglass, the average price increase for Bitcoin in November from 2013 to 2025 was 42.5%.


However, the median price change for November during the same period was only about 8.81%, indicating that most Novembers were either unremarkable or highly volatile. Analysts note that the extraordinary 449% surge in November 2013 significantly skewed the overall average upward.


As investor optimism for autumn rallies grows each year, the term "Uptober" has come to represent October's rally, while "Moonvember" is used to describe hopes for continued gains in November.


Nevertheless, in 2025, the so-called "Uptober" trend was broken for the first time in seven years, as Bitcoin closed at $109,420 on October 31 (U.S. local time), down nearly 7% from the start of the month.


(Seoul=Yonhap Infomax) Hye Rim Pi


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